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Future of Golden State Theatre in Monterey uncertain

Monterey city council members Libby Downey and Nancy Selfridge are looking into the possibility that the city will purchase the Golden State Theatre.

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Updated: 7:46 PM PDT Sep 18, 2013

Future of Golden State Theatre in Monterey uncertain

Monterey city council members Libby Downey and Nancy Selfridge are looking into the possibility that the city will purchase the Golden State Theatre.

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Updated: 7:46 PM PDT Sep 18, 2013

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WEBVTT LEADERS ARE MOVINGFORWARD WITH PLANSTHAT COULD LEAD THECITY - AND TAXPAYERS -TO TAKE OVER THEGOLDEN STATE THEATERON ALVARADO STREET.BUT CAN THE CITYREALLY SUCCEED WHERETHE PRIVATE SECTORHAS FAILED? ACTIONNEWS REPORTERJACQUELINE MAZUR ISLIVE IN MONTEREY WITHA CLOSER LOOK ATWHAT'S AT STAKE.JACQUELINE? ####DAN/ERIN -- AGOLDEN STATE THEATRESUBCOMMITTEE WASAPPOINTED LAST NIGHTAND CITY LEADERSAREN'T WASTING ANYTIME.THEY SAY THERE'S ASTRONG POSSIBLITY THETHEATRE WILL THRIVEAGAIN SOON.COUNCILMEMBERS AGREE-- THEY WANT TO KEEPTHE GOLDEN STATETHEATRE OPEN AS APERFORMING ARTS VENUE-- BUT IN ORDER TO DOSO -- A COUPLEQUESTIONS MUST BEANSWERED.IS THERE COMMUNITYINTEREST -- AND IF SO --HOW IS THE CITY GOINGTO FUND IT? "ROUGHLYAFTER 1:05-1:21Hopefully thesubcommittee will go outand find that there is alot of interest and we'llhave some partnershipsand we can go forward."COUNCILMEMBERS NANCYSELFRIDGE AND LIBBYDOWNEY WEREAPPOINTED TO THESUBCOMMITTEE DURINGTUESDAY NIGHT'S CITYCOUNCIL MEETING.SELFRIDGE IS BUSYSCHEDULING MEETINGSWITH NON-PROFITS INTHE COMING WEEKS TODISCUSS FUNDRAISINGOPPORTUNITITES.SHE TELLS US A SALESTAX INCREASE -- IS OUTOF THE QUESTION."24:37-24:43 We need tolook at somethingcreative like borrowingfrom the parking fundand paying it backthrough ticket prices."THE ASKING PRICE FORTHE GOLDEN STATETHEATRE IS JUST UNDERFIVE MILLION DOLLARS.AND EVEN THOUGH ITCARRIES A HEFTY PRICETAG -- CITY LEADERS SAYENHANCING IT WITHLIGHTING AND AN UP-TO-DATE SOUND SYSTEMFOR EXAMPLE -- MAYHELP DRAW-IN THECROWDS AND GENERATEREVENUE.IT'S A WELCOME VISIONFOR SMALL BUSINESSOWNERS."19:41-? The best thingthat works for me herefor business I would sayis conventions,conventions,conventions. That's thenumber one thing thathelps." IN MONTEREY --JACQUELINE MAZURKSBW ACTION NEWSEIGHT.IT'S GOING TO TAKETHE SUBCOMMITTEESOME TIME THOUGH --TO SEE IF PURCHASINGTHE THEATRE IS WORTHIT.SELFRIDGE TELLS USSHE'S HOPING TO HAVE APRELIMINARY REPORTREADY FOR COUNCIL TOREVIEW AT THEIR NEXTCITY COUNCIL MEETINGON OCTOBER FIRST.DAN/ERIN? ####AGAIN -- THE REPORTIS JUST PRELIMINARY --IT'S GOING TO TAKE THECOUNCIL MONTHSBEFORE REACHING ADECISION ON WHETHEROR NOT PURCHASING THEGOLDEN STATE IS IN THECITY'S BEST INTEREST.####

Future of Golden State Theatre in Monterey uncertain

Monterey city council members Libby Downey and Nancy Selfridge are looking into the possibility that the city will purchase the Golden State Theatre.